Below is a transcription of our video, “The best way to invest 100 bucks or less”.
[00:00] So I get asked this question a lot. It seems that people have this notion that there is a quick way to make money. The truth is there is no quick way to make money, so I'm going to tell you the best way to invest a hundred bucks and I'm telling you this is the best way to invest a hundred bucks. In fact, if you've got two hundred bucks, if you've got three hundred bucks, this is the best way. If you've got very little money and you’re wondering what is the best way to invest the money, what is the best way for you to take limited resources and invest it in a way that will give you the best return on your investment.
[00:44] Let me first start by saying there is no quick way to make money. Anybody who tells you anything different is talking rubbish. If it's promising a very high return on your money there’s a very high risk, so if you want return on your investment, you need to balance risk versus reward. So when you're starting out the very best thing you can do in terms of investing your money, is to invest in yourself.
[01:16] Now I know that sounds like the kind of advice you've probably heard before, but the fact of the matter is people don't follow this, and the difference that separates the 1% from the 99% is that the 1% actually implement this. If you really want to invest and you want to start doing something with your money, if you only have a limited amount of money and you only have a limited amount of resources, take whatever money you have, take whatever resources you have and start investing it in yourself because here's the thing. If you have a lot of money and you have no knowledge, you're going to lose, so you have to have the knowledge first.
[01:58] Knowledge is the thing that's going to make you money. It is absolutely imperative that you invest in knowledge. It is absolutely imperative that you invest in yourself and that you give yourself the resources to understand finance, that you give yourself the resources to understand markets, that you give yourself the resources to be able to invest your money when you have it. So the best way you can invest a hundred bucks or even less or even more if you've got a little bit of money, is to invest it in yourself.
[02:29] My suggestion is do courses. My suggestion is buy books. My suggestion is invest in audio books, my suggestion is buy videos. Anything that can give you advice, anything that can give you information. Even by time from people who are already successful in spaces that you want to be successful in. For example, if you are a sales person and you want to be better at sales, which can you more money go and find somebody who's a really good salesperson and just buy them a cup of coffee. Take them for a meal. Take your little bit of money that you have and invest it into getting information.
[03:13] Information is the thing that's going to make you wealthy. The thing that has made me truly wealthy and set me free is knowledge and information. There was a time when I was absolutely poor. There was a time when I was absolutely broke and I literally couldn't afford anything, so I'd go to the public libraries and I would literally just go and grab books and I would read whatever I could on as many subjects across business as I could to educate myself. Some of those books were outdated, but they taught me things.
[03:42] Some of those books were about politics, they taught me about things. Some of those things were about socio-economics taught me about things, and it didn't cost me anything other than my time, but time was the only resource I had. So the point I'm making is people always look at taking their money and putting it into something that's going to do something else for them in terms of generating a return. Invest in something put a hundred bucks down, it's going to give them two hundred bucks. Well, the truth of the matter is when you've got very little, you have to use it very smart and the best way to use it is to actually equip yourself with knowledge.
[04:19] The best way to use it is to make sure that you give yourself the platform to build upon and the way I explain this to people when it comes to knowledge and information is the same way it is when it comes to building a house. You cannot build a house without putting down a good foundation. So you can bring all the building materials on site, but if you don't build that foundation you're never going to build a house successfully. The building materials you put them on top of each other, they’re just going to cave in, and the foundation for investment and success with wealth is knowledge.
[05:00] So if you want to stack on it and you want to start building wealth and you want to start growing your investment portfolio and you want to get to a point where you've got passive income, the very first thing you've got to do, the very first thing you've got to do is invest in yourself. This is one of the reasons why I believe that people should pay for information. I have in the past given people information free of charge and I've watched them do nothing with it and it's amazing when people invest in information, it's amazing how committed they are to using that information. It's a strange thing human psychology, but the moment we part with money and invest in ourselves, we become committed in terms of doing it. We become committed in terms of actually using that information.
[05:47] So my advice to you today, make sure you invest in yourself. Whatever money you have, whatever time you have, whatever limited resources you have, take that and turn that into investing in yourself. Instead of sitting on the couch watching TV, instead of watching rubbish YouTube videos about cats, start watching about investments. Start understanding money, start learning about how to build passive income. Start learning about how to start a small business. Start learning about how to become better at sales. Start learning about how to structure deals. Start learning how to negotiate a pay rise if you're employed.
[06:26] There's a million things you can do that can give you extra income. That extra income you can set aside and invest, that investment can turn into passive income. That passive income can ultimately set you free, but it all starts with knowledge. It all starts with information, so I hope you enjoyed this video. I hope that it will encourage you to go out and start investing in yourself and start putting money in the right places because really most people are falling desperately short in terms of investing back into themselves, and this is one of the most critical aspects in terms of gaining your financial independence. So if you like this video, please share it with your friends and family and give us a like, and absolutely leave your comments. We'd love to hear from you and catch you in the next video.